The average property price in England and Wales remained stable between January and February, according to the Land Registry.

A typical property was worth £185,616 in both months as the market paused for breath.

The largest gainer in terms of month-on-month growth was the West Midlands (1.3 per cent), followed by Yorkshire & the Humber, which saw prices rise by 0.5 per cent.

London suffered a loss month-on-month, but was by far the best performing region on an annual basis.

Year-on-year inflation in the capital reached 10.6 per cent, well above its nearest competitor, the south-east, which saw growth of six per cent.

This was followed by the east, where prices increased by 5.8 per cent, and Yorkshire & the Humber (4.4 per cent).

According to the Land Registry House Price Index, flats and maisonettes were the property types which witnessed the greatest annual price growth, with a rise of six per cent recorded.